2018 renewals, rising motor and homeowner's insurance tariffs in France

According to the survey firm, Fact & Figures, motor insurance tariffs are poised to climb within the bracket of 2 to 3% during the 2018 renewal. The reason is the increase in the price of spare parts and the rising value of bodily injury compensations.

Homeowner's insurance is likely to report a moderate increase that is comprised between 1 and 2%. The upsurge of natural disasters such as floods along with the increase of labor cost needed for repair works are the causes that account for this rise.

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• The insurance industry in France